Sunday Feb 05, 2023

Japan Urges Its Citizens To Drink More Alcohol As Tax Revenues Fall

Japan is telling its citizens to drink more alcohol. The Japanese government has now launched a nationwide competition calling for ideas to encourage the Japanese people to drink more alcohol. The national tax agency has said that alcohol consumption in Japan apparently has fallen. This has gotten the Japanese government very worried. From an average […]

As Russian Energy Supplies Peak Gas Supplies to Germany Will Stop

European gas prices once again rose to record highs on fears over Russian supply peak. The gas prices have spiked in recent days because of the three-day halt in Russian deliveries to Germany via the Nord Stream 1 continues to approach. The biggest fear is that Moscow will now turn the taps back on afterwards […]

A Whistleblower Says That Twitter Misled Regulators on Spam And Hacker Accounts

A whistleblower complaint has alleged that twitter misled users and authorities about its security against hackers and spam accounts. The whistleblower is Twitter’s former security chief Peter Zatko. Shares of Twitter dropped sharply on Tuesday after the revelation of an explosive whistleblower complaint alleging the social media company misled federal regulators about its defenses against […]

The Cost Of Living Crisis Worsens In UK as Energy Prices Increase

UK’s energy crisis is all set to worsen the country’s cost of living crisis with winter coming close and an energy price increase due in October inflation levels in the country might break all records. Financial experts at US based Citibank predict the country’s inflation levels will cross 18% in January 2023.  The last time […]

Supersonic Passenger Jet Maker Boom’s Order Book Increases To 130 Airplanes

American Airlines is now betting on the return of supersonic travel with boom jet deal. The American carrier has become second major U.S airline to bet on ultra-fast passenger travel in last two years. The deal brings booms order book to 130 airplanes including options valued at about $26 billion. The return of interest in […]

How Hino motors is trying to cope with a growing scandal regarding emissions data

Shares of Japan’s Hino motors Toyota’s truck and bus unit has lumped more than 6%. This after the data falsification scandal widened to small trucks as well. Hino motors president Satoshi said during a transport ministry investigation that there was additional misconduct regarding emissions. It was found that it is affecting more than 76000 vehicles. […]

Australian Banks To Stop Giving Loans For New Diesel And Gasoline Cars

Australia looks to give a new push to electric cars as Australian banks plan to stops giving loans for diesel and gasoline cars as a way to encourage sales of cars that run on alternate fuel.  Australia is trying to encourage the use of electric vehicles and also to catch up with other developed nations. […]

Northern Vietnam To Benefit As Foxconn Plans To Invest More Than $300 Million

Apple’s supplier Foxconn is planning to diversify its production with signing of a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country. The Taiwanese company’s new factory on a plot of 125 acres in Bac Giang province will generate about 30000 local jobs. The […]

Flow Gets Pre-Launch Valuation Of $1 Billion

Around three years after Adam Neuman stepped down as the CEO of We Work following allegations of mismanagement, toxic work culture and the company’s failed IPO. Neuman’s new venture is creating ripples in the Silicon Valley. The start-up in real estate sector is called Flow, is already been valued at a billion dollars making it […]

$370 Billion Chinese Technology Giant Tencent Posts First Ever Revenue Decline In History

The advent of stricter regulations around gaming and resurgence of COVID-19 have resulted into slow growth for Chinese technology companies. After Alibaba another Chinese firm Tencent has posted its first ever quarterly year on year revenue decline. Tencent posted quarterly revenue of $19.7 billion and it’s a 3% fall when compared to same period last […]

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